https://www.taxtmi.com/highlights?id=49908 Reopening of assessment u/s 147 - there is no basis to proceed on the premise that the allocation of shares was at an artificially high premium. Merely because a sizeable sum was received in the nature of share premium during the year under consideration, would not automatically mean that the same was artificially increased. en-us Fri, 25 Oct 2019 15:58:46 +0530 Fri, 25 Oct 2019 15:58:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=49908 Reopening of assessment u/s 147 - there is no basis to proceed on the premise that the allocation of shares was at an artificially high premium. Merely because a sizeable sum was received in the nature of share premium during the year under consideration, would not automatically mean that the same was artificially increased. Highlights Income Tax Fri, 25 Oct 2019 15:58:46 +0530 https://www.taxtmi.com/highlights?id=49908